Bullish on 3 investment themes, but avoid overloading any segment in portfolio: Suranjana Borthakur
Suranjana Borthakur, Head — Distribution, Mirae Asset Investment Managers, says as a fund house, they are not very comfortable with too much sectoral play. They look at decadal themes and think the consumption theme is at a very sweet spot. The entire discretionary space is looking at a comeback, which is where they are positive on consumption as a theme. They are also positive on the banking financial theme as well as the healthcare theme. Every thematic segment may have a representation in the portfolio, but overloading any of the segments may not work well. Also, a 50% largecap and 50% in mid and smallcaps could be a good allocation to have in the long-term
How should one read into the AMFI data? We are again seeing very healthy, record high SIP inflows.
Suranjana Borthakur: It is very encouraging that in spite of market volatility, the SIP numbers have remained intact. In fact, they are reaching new highs of Rs 26,000 crore and above. It shows the confidence of the retail investor for a long-term wealth creation in India and despite the volatility, the conviction is very high.
The good part is, from one year back, the SIP book has grown almost 50%. It was somewhere around Rs 17,000 crore about a year back, and now it has grown to about Rs 26,000 crore. When you look at the flow pattern, one of the categories which is seeing a big jump is the sectoral funds and it continues to get good inflows.
Almost Rs 15,000 crore of inflows are there and quite a few NFOs have also taken place in this period – about 12-13
